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The transactions and adjustments related to the second month of operations of Zoe Amelia Corporation were as follows: Required: For transaction/adjustment given below show the
The transactions and adjustments related to the second month of operations of Zoe Amelia Corporation were as follows: Required: For transaction/adjustment given below show the effect, if any, of the transaction entry or adjusting entry on the appropriate balance sheet category or on net income by indicating the account name(s) affected and whether each is an addition (+) or subtraction (-). Items that affect net income should not be shown as affecting stockholders' equity. Note: Indicate the effect on the financial statements
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